Rep. Bill Cassidy said the amendment will increase the yearly cap on offshore oil and gas energy revenues that Louisiana will receive from $500 million to $1 billion, starting in 2023.

Cassidy said 100 percent of the funds will be dedicated to restoring the coastline and protecting communities from hurricane flooding.

“This is a major victory for Louisiana. Our state and nation rely on our oil and gas, our strong ports and the economic activity that happens on our coast," Cassidy said. "This amendment will preserve those assets by providing more money for coastal restoration. It moves Louisiana towards receiving the same benefits that other states do which have oil and gas production on their federal lands. Finally, restoring our coast will help protect Louisiana against hurricanes. This is a crucial amendment, and I urge the Senate to embrace it.”